Dairy farmers have about a week – until Dec. 5 – to register for the new dairy Margin Protection Program authorized by the 2014 Farm Bill.
The program provides financial assistance to participating farmers when the margin – the difference between the price of milk and feed costs – falls below the coverage level selected by the farmer.
"We cannot afford to have our dairy farmers go bankrupt when there are sudden market swings, which is why we put together this new program," Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., commented.
"I strongly encourage dairy producers across the nation to enroll in this program before the December 5 deadline. Families need a reliable supply of dairy products at the grocery store, and that means we need to make sure our farmers can keep producing some of the very best dairy products in the world," Stabenow said.
A web tool developed in part by Michigan State University was launched in conjunction with MPP to help dairy producers enroll in the program and make decisions based on their own unique needs and operations.
The web tool, available at on the USDA Farm Service Agency website, provides a series of interactive features allowing producers to review historical data as well as future projections to make decisions that make the most sense for them.